Fix & Flip Loans
Bottom line: Our fix & flip loans fund acquisition plus renovation in a single facility — fast closings, interest-only payments, rehab draws as work completes, and a clean exit by sale or refinance.
The property is distressed. Your timeline isn't. Close in days, renovate on draws, exit on your terms.
Reviewed by Vision One Mortgage, Inc. · NMLS #7861 · Last reviewed: October 2026
A fix & flip loan is short-term investor financing that funds both the purchase and the rehabilitation of a property in one facility. Underwritten on the deal — purchase price, rehab budget, and after-repair value — rather than your personal income. Interest-only payments during the project, construction draws released as work is completed, and exit by selling the renovated property or refinancing into long-term debt. No Tax Returns Required.
Key Takeaways
- One facility funds purchase + rehab — no separate construction loan needed.
- Close in days, not weeks — built for competitive and auction timelines.
- Interest-only during the project; draws released as renovation milestones complete.
- Exit by sale or refinance into long-term DSCR when the property stabilizes.
“Flippers don't need a 30-day underwrite. They need money when the deal is hot and draws when the work is done. That's the whole product.”
— Vision One Mortgage, Inc. · NMLS #7861
Have a live deal? Get a scenario solution fast.
Send us the numbers and a NonQM Rates specialist will structure it, typically same business day.
Submit Your Deal ScenarioFix & Flip Loans at a glance
| Feature | How it works |
|---|---|
| Structure | Short-term bridge facility: acquisition + rehab budget in one loan |
| Qualification | Deal-based — purchase price, documented rehab budget, after-repair value, and your exit plan |
| Payments | Typically interest-only during the project term |
| Rehab funding | Draws released against completed work/inspections |
| Term | Short-term project financing — sell or refinance at completion |
| Occupancy | Investment / business purpose only — not for personal residences |
Typical program features for illustration. Exact guidelines vary by investor and are subject to change. Business-purpose loans only — not available for personal, family, or household use.
Operators who move fast
- Fix & flip investors buying distressed single-family and small multifamily
- Auction and foreclosure buyers who must close in days
- Rehabbers who need draws — not a lump sum — timed to the work
- Investors executing BRRRR: buy, rehab, rent, refinance, repeat
How flip financing works
- Speed-first underwriting — the deal and the ARV, not your W-2
- 100% of rehab funded — draws against completed milestones
- Interest-only — carry costs stay low while you renovate
- Clear exits — sell retail, or refinance into DSCR and hold
- Entity vesting — close flips in your LLC
Guidelines vary by program and are subject to change. Check your eligibility or call 949-241-9489 for current details. NMLS #7861.
Fix & Flip Loans FAQ
How fast can a fix & flip loan close?
Days in the right circumstances — that's the product's reason for existing. Auction timelines are a core use case.
How do rehab draws work?
The rehab budget is approved upfront; funds are released in draws as work is completed and verified — typically against inspections or milestone sign-offs.
What down payment do flip loans need?
Skin in the game is required — the borrower funds a portion of the purchase, with the program funding the balance plus rehab. Exact structures vary by investor and deal.
Do I need flipping experience?
Experience helps pricing and leverage, but first-time flippers with a solid deal, realistic budget, and clear exit get funded every day.
What happens if the flip takes longer than expected?
Talk to us early — extensions and refinance exits exist. The worst move is going silent; the best is restructuring before the term ends.
Can I refinance into DSCR instead of selling?
That's the BRRRR playbook and one of the most common exits: stabilize, document the rent, refinance into long-term DSCR, keep the property.
The $310K bungalow
Illustrative example — not a quote or commitment to lend. An investor wins a distressed bungalow at $210K needing $65K in rehab; ARV appraises at $340K. The flip facility funds the purchase plus the rehab budget. Interest-only payments carry the project for five months; draws release as the roof, kitchen, and baths complete. The renovated home sells at $335K — the loan pays off at closing and the spread is the profit. Had the investor chosen to keep it, the stabilized rental would have refinanced into DSCR instead.
Who this program is NOT for
- Buy-and-hold from day one — if there's no rehab and no sale, start with DSCR instead.
- Owner-occupant renovations — business-purpose only; personal residences use renovation loan products in the consumer space.
- Borrowers without a realistic budget — the ARV math has to work; hope isn't a line item.
Your path from scenario to funded
No black box. Here is exactly how a deal moves with us — and what happens after you close.
Submit your scenario
Price, rent, credit, timeline. Get a straight answer on program fit — typically same business day.
Know your numbers
This page is step two. By the time you apply, you already understand the structure — no surprises.
Apply with a short checklist
A focused application built around the document checklist on this page. Nothing extra, nothing missing.
Close — then what’s next
Milestone updates through closing. After you fund, we watch for refinance windows and your next acquisition.
Plan your exit before you enter
Every investor loan needs an exit strategy. Here are the paths investors typically take from here — we help you pick the right one before you commit.
- Sell the finished flip
- BRRRR: refinance into a DSCR loan and hold as a rental
- Sell to another investor
Ready to run your numbers?
Every deal is different — submit your scenario and get a straight answer on program fit and structure, typically same business day.
Submit Your Deal ScenarioSee if you qualify for Fix & Flip Loan
60 seconds. No obligation. NMLS #7861.
